CAL vs PVH: Correlation
Caleres, Inc. (CAL) and PVH Corp. (PVH) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAL and PVH?
On 3 years of weekly data the CAL/PVH correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.54 over 3. The 5-year figure is 0.49, and annualized covariance runs at 1321.5 %².
Among the 16 assets we track against CAL, PVH ranks #5 by 3-year correlation. The trailing year gives PVH the advantage: -17.4% versus -6.6%, a 10.8-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CAL vs PVH: side by side
| CAL (Caleres, Inc.) | PVH (PVH Corp.) | |
|---|---|---|
| 1-year return | -17.4% | -6.6% |
| 5-year return | -45.9% | -28.0% |
| Volatility (ann.) | 55.9% | 43.7% |
| Beta vs S&P 500 | 1.37 | 1.11 |
| Max drawdown (3Y) | -79.4% | -56.9% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 23.8 |
| Dividend yield | 2.14% | 0.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAL | PVH |
|---|---|---|
| 2022 | -0.6% | -33.7% |
| 2023 | +39.4% | +73.3% |
| 2024 | -23.9% | -13.3% |
| 2025 | -46.4% | -36.5% |
| 2026 | +4.2% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAL and PVH good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CAL and PVH?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.63 over the last year and 0.49 over 5 years.
Is PVH a good diversifier for CAL?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cal-vs-pvh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cal-vs-pvh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAL correlations · PVH correlations
